Carter Bank & Trust 401(K) And Profit Sharing Plan — Form 5500 plan (Carter Bank & Trust)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Carter Bank & Trust 401(K) And Profit Sharing Plan is a benefit plan reported by Carter Bank & Trust under EIN 20-5539935 and plan number 001. The latest loaded filing year is 2023. The filing reports 815 participants and $46,712,672 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Carter Bank & Trust
- EIN
- 20-5539935
- Plan number
- 001
- Plan type
- 2
- Location
- Martinsville, VA
- Latest filing year
- 2023
- Participants
- 815
- End-of-year plan assets
- $46,712,672
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 815 | H, C | 20240903081309NAL0010448179001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $46,712,672
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $46,712,672
- Net assets (BOY)
- $40,448,430
Income & contributions
- Employer contributions
- $1,874,499
- Participant contributions
- $2,720,980
- Total contributions
- $4,991,675
- Total income / additions
- $10,432,130
Expenses & distributions
- Benefits paid
- $4,081,136
- Administrative expenses
- $86,752
- Total expenses
- $4,167,888
- Net increase / (decrease)
- $6,264,242
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $78,412 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $8,339 | not reported in the loaded dataset | 2023 |